Page 96 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

Q-321: The example of ad valorem rates of import duty is
(i) 10%
(ii) The rate of duty as per Metric Tonne
(iii) The rate of duty as per Kilo Liter
(iv) None of the above

A-321: i - 10%
Q-322: What procedure is adopted for determining the customs duty on the imported goods?
(i) Determining the Assessable Value of goods.
(ii) Converting the foreign exchange value of the imported goods into Indian Currency
i.e., Rupees.
(iii) Computing the Customs Duty
(iv) All of the above
A-322: iv - All of the above
Q-323: Section 51 of the Customs Act, 1962 empowers the proper officer to make an order of
clearance of export goods after he is satisfied that
(a) The goods sought to be exported are not prohibited goods.
(b) Duty assessed, if any, and other charges are paid on the export goods have been
paid by the exporter.

Which one of the above statement is correct?
(i) a only
(ii) b only
(iii) both a and b
(iv) None of the above

A-323: iii - both a and b
Q-324: The statutory provision for entry of goods for export under
(i) Section 50 of Customs Act, 1962
(ii) Section 51 of Customs Act, 1962
(iii) Section 52 of Customs Act, 1962
(iv) None of the above

A-324: i - Section 50 of Customs Act, 1962
Q-325: The provision of Section 28 applies to demand of both duties and interest. Under following
circumstances, duty can be demanded
(i) A case of short-levy
(ii) A case of non-levy
(iii) A case of erroneous refund of duty or interest
(iv) All of the above
A-325: iv - All of the above
Q-326: The statement on second hand goods imported
(a) The rate of duty applicable is the same as the rate applicable to the new goods
(b) The rate of duty applicable is not the same as the rate applicable to the new goods
Which one is correct on the above statement?

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